The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department of Justice alleges. Crypto Exchange Owner Sentenced to 10 Years in Prison The […]
Category: Bulgaria
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M
The 53-year-old Bulgarian national was convicted for laundering funds via cryptocurrency for a fake online auctions gang.
SM Digital Holding and Wallex Prove That Bulgaria Is the Next Leading Hub for Fintech Companies
Many fintech startups and established companies are now looking for a new home across Europe due to Brexit. Bulgaria is shaping up to be the top destination for many of them, including crypto, blockchain and licensed electronic money institutions, as proven by leading firms such as SM Digital Holding and Wallex. Meet the Next Blockchain […]
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Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining
One of the largest exporters of electricity in Europe has revealed details of the most significant theft they have had in history, linked to a massive illegal bitcoin mining farm in a small Bulgarian village. Bulgarian Electricity Company Uncovers Massive Electricity Theft Linked to Illegal Bitcoin Mining According to Vesti, CEZ Group and police in […]
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Bulgarian Startup Will Pay You Bitcoin When Your Flight Is Delayed
The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto.
Two Bitcoin Farmers Stole $1.5M in Electricity in Bulgaria
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms.
Cryptocurrency Payment Gateway Gocrypto Onboards 1,000 Locations Worldwide
On February 28, Gocrypto CEO Dejan Roljic revealed the payment gateway has officially onboarded 1,000 merchant locations during a recent company update that expanded upon the firm’s growth. Roljic also explained Gocrypto now has several locations in five countries and the company recently started expanding into South America in November 2019. The Latin American expansion […]
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Ireland Seizes Bitcoin Stash Worth $56M But Can’t Sell for 7 Years
Ireland’s Criminal Assets Bureau (CAB) seized 6,000 BTC from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of BTC was the biggest single-value asset seizure by the CAB since 1996. A new era […]
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Slovenia Has the Most BCH-Accepting Physical Locations Worldwide
Bitcoin Cash (BCH) merchant adoption continues to grow, but in certain regions worldwide like Australia, Japan, and New Hampshire, BCH acceptance is swelling. As each area pursues BCH adoption in a variety of unique ways, the Republic of Slovenia has seen massive retail approval as the payment processor Eligma has relentlessly spread crypto awareness throughout […]
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Blockchain Platform Believes It Is the ‘Golden Ticket’ for Saving the Live Events Industry
Do you think event tickets are too expensive? This blockchain platform might have the answer — and it involves eliminating middlemen who drive up prices #SPONSORED